Saturday, September 13, 2025

Latest

Canada Sees Sharp Drop in Permanent Resident Applications in July

Do people still even want to move to Canada? 

Recent data from the Government of Canada (GoC) has revealed a significant decline in permanent resident applications, raising concerns about the sustainability of Canada’s population growth. 

In July, the number of permanent resident applications plummeted by 15%, totaling around 17,800, marking a 28% drop compared to the previous year. This decline in applications has come as a surprise, considering the previous trajectory of record growth.

Before this sudden drop, Canada was on course to achieve record-breaking growth, with around 181,300 applications processed year-to-date as of July, representing a 15% increase over the previous year. However, the past two months have shown that this growth can change rapidly, with year-to-date applications growing at a slower rate of 15%, compared to the earlier 31%.

One of the key programs aimed at attracting skilled labor, the Express Entry program, has also witnessed a slowdown. July saw a 17.5% decrease in Express Entry applications compared to the previous year, with annual growth in the second quarter at just 8.3%, nearly half the rate of the first quarter.

While Canada’s population continues to grow, there are concerns about the retention of temporary residents. While many temporary residents arrive through programs like study permits, the data shows that they are less inclined to pursue permanent residency. 

In 2022, only around 19,700 individuals with study permits transitioned to permanent residency, indicating that the odds are about 1 in 34.

Canada’s approach to population growth is under scrutiny, as it appears to prioritize short-term gains over long-term retention. Despite the population boom, per capita GDP is contracting, and the economy is not offering the expected opportunities. This has led to questions about Canada’s strategy of issuing visas to meet quarterly growth targets without sufficient focus on retaining immigrants.


Information for this story was found via Better Dwelling, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Canada To Welcome 500,000 Immigrants Per Year By 2025 To Fill Labor Gap

Canada, which welcomed a record 405,000 immigrants this year, aims to work its way to...

Thursday, November 3, 2022, 10:33:19 AM

Is Immigration the Way It Is Because Foreign Students Are ‘Very Lucrative’?

In the wake of Canada’s population surpassing one million new residents between July 2022 and...

Thursday, October 5, 2023, 02:56:00 PM

New Foreign Student Work Policy “May Result in Increased Competition for Canadians”

In a significant policy shift, Canadian Immigration Minister Marc Miller announced new regulations that adjust...

Friday, November 22, 2024, 12:09:00 PM

Kenney Blasts Trudeau’s Expansion of Temporary Foreign Worker Program

Former Alberta Premier Jason Kenney has launched a scathing critique of the federal government’s immigration...

Wednesday, August 28, 2024, 04:20:00 PM

Canada Sees Record Exodus of Temporary Residents in Q3

Canada recorded its highest quarterly outflow of non-permanent residents in recent years, with nearly 250,000...

Friday, December 27, 2024, 08:38:44 AM